TLSS extends Patriot Glass Solutions acquisition deadline to Sept. 16
TLSS•Acquisition deadline extended
Transportation and Logistics Systems extended key deadlines for its planned purchase of an 80% stake in Patriot Glass Solutions.
The outside closing date was moved to Sept. 16, 2026, and due diligence materials and required financial statements are now due Aug. 25, 2026.
Deal terms and ownership structure
The deal terms call for $4.75 million of consideration paid in 47,500 shares of TLSS Series J Senior Convertible Preferred Stock.
The transaction includes four nanotechnology patents tied to C-Bond glass-strengthening applications and processes.
Michael Wanke will retain 20% of Patriot Glass Solutions, and closing requires an employment agreement with the business.
